https://www.taxtmi.com/caselaws?id=464875 ITAT Kolkata allowed the assessee's appeal and deleted the addition made u/s 68 treating the sale proceeds of shares as bogus LTCG and denying exemption u/s 10(38). The Tribunal held that the assessee had produced overwhelming documentary evidence supporting the genuineness of the share transactions, which remained unchallenged and uncontroverted. It found that the AO and CIT(A) had relied only on a general investigation report, circumstantial evidence, and human probabilities, without any specific material against the assessee or confronting it with adverse statements or documents. en-us Wed, 12 Dec 2018 00:00:00 +0530 Wed, 19 Nov 2025 20:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464875 ITAT Kolkata allowed the assessee's appeal and deleted the addition made u/s 68 treating the sale proceeds of shares as bogus LTCG and denying exemption u/s 10(38). The Tribunal held that the assessee had produced overwhelming documentary evidence supporting the genuineness of the share transactions, which remained unchallenged and uncontroverted. It found that the AO and CIT(A) had relied only on a general investigation report, circumstantial evidence, and human probabilities, without any specific material against the assessee or confronting it with adverse statements or documents. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464875